South Korea pays less for US crude than Saudi Arabian barrels for 2nd straight month

Capt. John

South Korea reduced imports of Saudi Arabian crude and boosted shipments of US cargoes for the second straight month in March because of more attractive feedstock trading economics for American barrels, as Persian Gulf-Asia tanker insurance costs rose in the wake of geopolitical tensions in the...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/042624-south-korea-pays-less-for-us-crude-than-saudi-arabian-barrels-for-2nd-straight-month

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